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Hero MotoCorp

After an initial hitch in early trade, Indian stocks rose higher and hit fresh intraday high in morning trade led by index heavyweights ITC and RIL.

At the time of this writing, the BSE Sensex, was up 160.55 points at 31,657 levels while the Nifty index was up 51.80 points at 9,911 levels. The monetary policy meet of today, 4 October 2017, is the key even of the day.

Stock Limelight:- Following the announcement fuel price cut, the shares of oil marketing companies like Indian Oil Corporation, Hindustan Petrol Corpn Ltd, and Bharat Petroleum Copn Ltd will be in high focus today.

Hero MotoCorp announced that it set a new global benchmark in the 2- wheeler industry, surpassing the 7.00 Lac sales mark in any month. The company announced its total sales rose 6.78% to 7.20 lakh units in Sept 2017 year on year.

M&M Financial Services announced that the company on Friday, 6 October 2017, to consider augmenting the long term fund requirements, including by way of issuance of securities, subject to such approvals as may be required.

Yes Bank announced that it has successfully raised Rs 1,500 crore of Basel-III compliant Tier-II bonds through private placement against the base issue size of Rs 1500 crore.

Ahluwalia Contract announced that it has got construction and re- development orders valued Rs 555.77 crore.

Bombay Rayon Fashions stated its board approved allotment of 1.93 crore equity shares of Rs 10 each at an issue price of Rs 140.50 share apiece to SBI, in accordance with BRFL Scheme for Sustainable Structuring of Stressed Assets scheme.